“If foreigners are allowed 100 percent ownership of our public utilities, it will pave the way for China to own and have full control of crucial infrastructure in the country,” Hontiveros said.
The Energy Regulatory Commission (ERC) has set a series of public hearings on the P17.815 billion worth of batch 2 capital expenditure (capex) projects of transmission firm National Grid Corporation of the Philippines. In a notice to relevant parties, the regulatory body announced that the virtu
Senator Risa Hontiveros on Tuesday, May 25, warned that amendments to the Public Service Act (PSA), which would allow 100 percent foreign ownership of public utilities, could pave the way for China to own critical infrastructure in the Philippines. China, Hontiveros said, could use this as leverage
Published May 21, 2021, 8:00 AM
Transmission firm National Grid Corporation of the Philippines (NGCP) has indicated that it surpassed performance targets that had been prescribed for it to achieve in operating and managing the country’s power transmission network and facilities.
It specified that among the key indicators that it continued to outperform is frequency of tripping (FOT), an index which measures the number of times that high voltage transmission lines had tripped or had experienced force outages in every 100-circuit kilometers.
The company further noted that its performance last year exhibited “a significant decrease in tripping incidents across all three major island grids.”